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NPT Capitol: Marquez, others make sausage to stick it to lenders

The don’t call the legislative process making sausage for nothing. State Rep. Marisa Marquez, has gotten together with a bunch of other legislators over the issue of payday lending, an issue NPT has covered here, here and here. Each state rep have filed bills on the issue, but now will hold a press conference on Wednesday to united behind a single omnibus bill.

Expect more sausage making on Wednesday in the Licensing and Administrative Procedures Committee. Chairman Ed Kuempel will be attempting to hammer out an omnibus constitutional amendment enabling statewide gambling. State Rep. Norma Chavez will be there to ensure that language covering the Tiguas are included.

Read Marquez’s press release after the jump

–Ben Wright

From the Office of state Rep. Marisa Marquez:

MEDIA ADVISORY
State Legislators Unify Behind Payday Lending Industry Reforms
Texas Appleseed Report Underlines Need For Reform

AUSTIN, TX- State Representatives Joe Farias, Carol Kent, David Leibowitz, Marisa Marquez and Mike Villarreal each filed bills addressing the problem of the unregulated payday loan industry. Now, all five House Members have unified behind a single set of basic reforms. This Wednesday, these Members will unveil one revised bill designed to attract broad, bi-partisan support. Texas Appleseed, a public interest law center, will be in attendance to release a report confirming the need for regulation.

WHO: State Representatives: Joe Farias, Carol Kent, David Leibowitz, Marisa Marquez, Mike Villarreal, Texas Appleseed
WHAT: Press Conference
WHEN: Wednesday, April 8, 2009 9:00 AM
WHERE: House Speaker’s Committee Room (2W.6)

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Written by newspapertreeelpaso

April 7, 2009 at 10:29 am

One Response

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  1. Young soldiers have always been targets for crooks. Insurance agents, used car salesmen, encyclopedia salesmen, and payday lenders. The military has sometimes been compliciate. There is not enough financial education available to young soldiers and not enough protection. A little dirty secret.

    Ken G

    April 7, 2009 at 4:31 pm


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